ashton_fan Posted January 19, 2016 Report Share Posted January 19, 2016 City lost £10m last season which was roughly the same as the wage bill, on a turnover of £7.7m, a bit worrying since we were so successful and had such a small squad. Surely we will be in breach of FFP this time next year since only allowed to lose £6m this season and our costs have probably gone up if anything. I'm sure the Board must be aware of this, we will have to sign lots of players in the Summer window as we may be embargoed for next January and the following summer. From next season the rules change (easier) so hopefully won't be such a problem in the long term. Link to comment Share on other sites More sharing options...
TETBURY MASSIVE Posted January 19, 2016 Report Share Posted January 19, 2016 http://www.bcfc.co.uk/news/article/annual-accounts-2015-released-2910158.aspx Link to comment Share on other sites More sharing options...
Super Posted January 19, 2016 Report Share Posted January 19, 2016 To be expected really with everything that is happening. Link to comment Share on other sites More sharing options...
View from the Dolman Posted January 19, 2016 Report Share Posted January 19, 2016 The stuff at the end re: related party transactions is a bit of a complicated one with money going in all directions (including £400k in rent from Bristol Rugby to the Bristol City Holdings group)! Link to comment Share on other sites More sharing options...
Stoke_Gifford_Red Posted January 19, 2016 Report Share Posted January 19, 2016 Loss of almost £10million, covered by Steve Lansdown once again. Wage costs fairly similar to previous years at just over £10million, interestingly the number of staff increased by a large amount but playing staff was the same at 51. The turnover is up by over 25% despite redevelopment (run to Wembley probably helped massively), but at £7.7 million is less than half the outgoings. Profit of £1.4 million on players contracts (£1.1million in 2014) and surprised we only got £60k broadcast revenue. Link to comment Share on other sites More sharing options...
RedBrizzleRobin Posted January 19, 2016 Report Share Posted January 19, 2016 Unless I'm reading this wrong (highly probable) our wages to turnover is -23% a far cry from running at -140% Link to comment Share on other sites More sharing options...
One Team In Keynsham Posted January 19, 2016 Report Share Posted January 19, 2016 One item that caught my eye was the solidarity payment income (note 2, page 17): any one have any clue as to what that is? Link to comment Share on other sites More sharing options...
Stoke_Gifford_Red Posted January 19, 2016 Report Share Posted January 19, 2016 3 minutes ago, One Team In Keynsham said: One item that caught my eye was the solidarity payment income (note 2, page 17): any one have any clue as to what that is? Think it is money paid from Premier League to the Football League clubs. 5 minutes ago, View from the Dolman said: The stuff at the end re: related party transactions is a bit of a complicated one with money going in all directions (including £400k in rent from Bristol Rugby to the Bristol City Holdings group)! Also interesting the RSG kit deal resulted in payment of £75k, a far cry from Man Utd's £50million deal! Link to comment Share on other sites More sharing options...
EmersonsKev Posted January 19, 2016 Report Share Posted January 19, 2016 4 minutes ago, One Team In Keynsham said: One item that caught my eye was the solidarity payment income (note 2, page 17): any one have any clue as to what that is? I'm pretty sure it's from the Premier League. Did any clubs bounce straight back up in that year? I understand the parachute payments are split between the clubs. Could be wrong. Link to comment Share on other sites More sharing options...
EmersonsKev Posted January 19, 2016 Report Share Posted January 19, 2016 1 minute ago, Stoke_Gifford_Red said: Think it is money paid from Premier League to the Football League clubs. Also interesting the RSG kit deal resulted in payment of £75k, a far cry from Man Utd's £50million deal! I clocked that, surely we provide enough exposure for a business other than that of a board member to stump up some pennies. Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted January 19, 2016 Report Share Posted January 19, 2016 We can;t have had a wage bill of £10m last year?? I am probably reading it wrong or missing some basic yet key part but basic skim read of account says: Turnover: £7,695,219 Wage bill £10,063,673 Is there something key I am missing in those figures? Link to comment Share on other sites More sharing options...
Lrrr Posted January 19, 2016 Report Share Posted January 19, 2016 5 minutes ago, EmersonsKev said: I'm pretty sure it's from the Premier League. Did any clubs bounce straight back up in that year? I understand the parachute payments are split between the clubs. Could be wrong. Norwich Link to comment Share on other sites More sharing options...
Stoke_Gifford_Red Posted January 19, 2016 Report Share Posted January 19, 2016 3 minutes ago, Mr Popodopolous said: We can;t have had a wage bill of £10m last year?? I am probably reading it wrong or missing some basic yet key part but basic skim read of account says: Turnover: £7,695,219 Wage bill £10,063,673 Is there something key I am missing in those figures? That is what happened. The turnover (eg money coming in!) really was less than the wage bill! May explain the complete lack of signings since last season. Link to comment Share on other sites More sharing options...
JamesBCFC Posted January 19, 2016 Report Share Posted January 19, 2016 6 minutes ago, Mr Popodopolous said: We can;t have had a wage bill of £10m last year?? I am probably reading it wrong or missing some basic yet key part but basic skim read of account says: Turnover: £7,695,219 Wage bill £10,063,673 Is there something key I am missing in those figures? Having not looked at the PDF yet, so could be totally wrong, but in the article it mentions incentive bonuses. Could be that the "regular" wages are a fair bit lower, but with the incentive bonuses for winning the league, it increased the amount paid. Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted January 19, 2016 Report Share Posted January 19, 2016 3 minutes ago, Stoke_Gifford_Red said: That is what happened. The turnover (eg money coming in!) really was less than the wage bill! May explain the complete lack of signings since last season. That's a shame, I thought the club was on the right road with this...perhaps it's just a blip and things will surely improve moving forward. Concerning though. Link to comment Share on other sites More sharing options...
Admin phantom Posted January 19, 2016 Admin Report Share Posted January 19, 2016 http://www.bcfc.co.uk/documents/accounts-2015213-2910152.pdf Was surprised to see we only had 8796 Season ticket holders and that our average attendance was 11681 - Thought both were higher than that Link to comment Share on other sites More sharing options...
slartibartfast Posted January 19, 2016 Report Share Posted January 19, 2016 Being a total thicko re. finance, is it better or worse than last year...in other words are we improving ? Link to comment Share on other sites More sharing options...
Kid in the Riot Posted January 19, 2016 Report Share Posted January 19, 2016 Wage bill of £10 million?! Wow. Mr Cotterill certainly had the 'golden ticket' last season. That is FIVE times the wage bill of Swindon. God knows how much bigger it is than some of the smaller teams in League One. I referred to us several times last season as 'the Man City of L1', not sure that does it justice considering that figure?? Promotion/bonus incentives would of course made up some of that £10 million but surely not THAT much? I thought we'd be around the £6-7 million mark to be honest. Link to comment Share on other sites More sharing options...
NOTBLUE Posted January 19, 2016 Report Share Posted January 19, 2016 Shows how important the rebuild is,really need revenue from non football activities. Link to comment Share on other sites More sharing options...
pongo88 Posted January 19, 2016 Report Share Posted January 19, 2016 8 minutes ago, Mr Popodopolous said: We can;t have had a wage bill of £10m last year?? I am probably reading it wrong or missing some basic yet key part but basic skim read of account says: Turnover: £7,695,219 Wage bill £10,063,673 Is there something key I am missing in those figures? I haven't read the accounts but the wage bill should be for everyone employed by City, not just playing staff. I'm not sure how this is affected by the Bristol Sport involvement, but some people must be employed by City. Perhaps Scott Murray earns more than we think. Then there are the directors if they take a salary Link to comment Share on other sites More sharing options...
Guest Posted January 19, 2016 Report Share Posted January 19, 2016 2 minutes ago, Mr Popodopolous said: That's a shame, I thought the club was on the right road with this...perhaps it's just a blip and things will surely improve moving forward. Concerning though. It needn't be, not with Mr Lansdown in charge - see that our shortfall was covered by share issues Many businesses are loss making and that can be quite reasonable - speculate to accumulate and all that. The concern is how sustainable that is and what happens if your gamble fails. With a billionaire and his boy behind us I don't feel concerned about it. Link to comment Share on other sites More sharing options...
Super Posted January 19, 2016 Report Share Posted January 19, 2016 4 minutes ago, slartibartfast said: Being a total thicko re. finance, is it better or worse than last year...in other words are we improving ? improving. Link to comment Share on other sites More sharing options...
Kid in the Riot Posted January 19, 2016 Report Share Posted January 19, 2016 6 minutes ago, slartibartfast said: Being a total thicko re. finance, is it better or worse than last year...in other words are we improving ? Theoretically accounts ending May 2017 should show a significant increase in turnover as the stadium will be finished and corporate facilities maxed out plus bigger crowds...that's when we'll be able to budget for proper Championship wages and compete on much more of a level playing field in this division. Link to comment Share on other sites More sharing options...
ciderbeans Posted January 19, 2016 Report Share Posted January 19, 2016 I'm sure Jet and cunning hams wages were factored into that which were large so next year again I'm sure there will be further improvement. Link to comment Share on other sites More sharing options...
RedBrizzleRobin Posted January 19, 2016 Report Share Posted January 19, 2016 7 minutes ago, Kid in the Riot said: Theoretically accounts ending May 2017 should show a significant increase in turnover as the stadium will be finished and corporate facilities maxed out plus bigger crowds...that's when we'll be able to budget for proper Championship wages and compete on much more of a level playing field in this division. This^^ I fully expect, due to the rebuild thorough this season as well, that next years accounts like look very similar. Looks like we're just holding the fort on finances until the stadium is finished and we can gauge turnover. Link to comment Share on other sites More sharing options...
Kid in the Riot Posted January 19, 2016 Report Share Posted January 19, 2016 2 minutes ago, RedBrizzleRobin said: This^^ I fully expext, due to the rebuild thorough this season as well, that next years accounts like look very similar. Looks like we're just holding the fort on finances until the stadium is finished and we can gauge turnover. 1000 covers in hospitality paying £80 each = £80,000 extra per game X 23 games = an extra £1.84 million a season, for example... Link to comment Share on other sites More sharing options...
Stoke_Gifford_Red Posted January 19, 2016 Report Share Posted January 19, 2016 11 minutes ago, Kid in the Riot said: Wage bill of £10 million?! Wow. Mr Cotterill certainly had the 'golden ticket' last season. That is FIVE times the wage bill of Swindon. God knows how much bigger it is than some of the smaller teams in League One. I referred to us several times last season as 'the Man City of L1', not sure that does it justice considering that figure?? Promotion/bonus incentives would of course made up some of that £10 million but surely not THAT much? I thought we'd be around the £6-7 million mark to be honest. Not sure how much of staff wages are on the non-playing side, but players only made up about a quarter of the total headcount. Even assuming the 150 non-playing staff got paid £10k each, that is £1.5 million. Link to comment Share on other sites More sharing options...
Kid in the Riot Posted January 19, 2016 Report Share Posted January 19, 2016 2 minutes ago, Stoke_Gifford_Red said: Not sure how much of staff wages are on the non-playing side, but players only made up about a quarter of the total headcount. Even assuming the 150 non-playing staff got paid £10k each, that is £1.5 million. Ah, I hadn't realised it included non-playing staff - thought they may have come under Bristol Sport to be honest... Link to comment Share on other sites More sharing options...
Unan Posted January 19, 2016 Report Share Posted January 19, 2016 40 minutes ago, Stoke_Gifford_Red said: Think it is money paid from Premier League to the Football League clubs. Also interesting the RSG kit deal resulted in payment of £75k, a far cry from Man Utd's £50million deal! I don't understand this, a box alone is 22k? Link to comment Share on other sites More sharing options...
Fiale Posted January 19, 2016 Report Share Posted January 19, 2016 21 minutes ago, Kid in the Riot said: Ah, I hadn't realised it included non-playing staff - thought they may have come under Bristol Sport to be honest... I imagine all the stadium staff are paid for by Bristol Sport and we pay them to run the stadium / behind the scenes stuff (would make sense instead of both us and B Rugby doing the same thing). The academy, players, coaching staff and BCFCs board and directors though I would assume is on our own payroll. I have no idea how this breaks down, but signing fees, and players like Jet and Cunningham would have been on a older pay scale and probably not cheap. Link to comment Share on other sites More sharing options...
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